Question
Which of the following statements accurately describes
the characteristics of a primary key in a relational database?Solution
A primary key is a critical concept in relational databases, ensuring that each record within a table can be uniquely identified. The primary key has the following key characteristics: • Uniqueness: Each value of a primary key must be unique across the entire table. No two rows can have the same primary key value. • Non-nullable: A primary key must always have a value; it cannot be null. This is essential for maintaining the integrity of the database as it ensures that every record can be uniquely identified.
There are certain expenses that may be in the nature of revenue but their benefit may not be consumed in the year in which such expenditure has been inc...
If a firm has been changing its depreciation policy every year, it is violating the_______ concept/principle of accounting.
Under AS 6, which of the following cannot be considered a method of depreciation?
A machine costing ₹8,00,000 has a salvage value of ₹80,000 after 10 years. The company follows Straight Line Method (SLM). During the 4th year, it s...
A vehicle purchased for ₹8,00,000 has an estimated useful life of 5 years and a residual value of ₹1,00,000. Using the Straight-Line Method, the dep...
A machinery costing ₹10 lakhs has a useful life of 5 years and a salvage value of ₹1 lakh. Using the straight-line method, the firm changes the usef...
If the capital of a business is 230000, liabilities are 50000, loss 80000, then asset will be?
A machine costing ₹4,00,000 has a useful life of 5 years with scrap value ₹25,000. The company provides depreciation on WDV at 25% p.a. After 3 year...
XYZ Ltd. uses Written Down Value (WDV) method for depreciation. It acquires a machine for ₹10 lakhs, has a salvage value of ₹1 lakh and charges 20% ...
Which method of depreciation is NOT recognized by the Companies Act, 2013?